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ExxonMobil's 1Q Earnings Top Expectations
ExxonMobil, the world's largest publicly traded oil producer, reported a 63 percent drop in first-quarter profit on Friday, citing plunging crude prices and weak refining margins.
The company reported net income of $1.81 billion, or 43 cents per share, compared with $4.94 billion, or $1.17 per share, a year earlier.
Production rose 2 percent to 4.3 million barrels of oil equivalent per day.
(Reporting by Ernest Scheyder; Editing by Lisa Von Ahn)
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